The ratio of consolidated foreign claims to GDP of the banks that are reporting to BIS. Foreign claims are defined as the sum of cross-border claims plus foreign offices' local claims in all currencies. In the consolidated banking statistics claims that are granted or extended to non-residents are referred to as either cross-border claims. In the context of the consolidated banking statistics, local claims refer to claims of domestic banks' foreign affiliates branches/subsidiaries) on the residents of the host country (i.e. country of residence of affiliates). (Bank for International Settlements)